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Wednesday, October 29, 2008

Thousands stranded as Iceland owned Sterling Airways goes bust

Thousands stranded as Iceland owned Sterling Airways goes bust
Icelandic-owned Sterling Airways has cancelled all flights, leaving hundreds of passengers stranded at London Gatwick and thousands stranded across Europe.

The low-cost airline, which flies from Gatwick to Copenhagen, Stockholm and other Scandinavian cities, said it was filling for bankruptcy and blamed the Icelandic financial crisis for its decline.
The airline is owned by Iceland's Northern Travel Holdings and employs around 1,100 staff.
It flew to 40 destinations, mainly from its hubs in Copenhagen, Oslo and Stockholm.

The airline issued the following information:
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